FATCA
IRS to end Offshore Voluntary Disclosure Program in September
Taxpayers Putting Pressure On Courts to Establish The IRS’s Burden Of Proof In Offshore Disclosure Cases
Recently, the U.S. Fifth Circuit Court of Appeals, in Bernard Gubser v. IRS, et al., was asked to overturn a […]
The Streamline Program Turns Two
The Streamlined Filing Compliance Procedure (SFCP) is now two years old. The SFCP was designed for taxpayers whose failure to […]
Are You Ready for FATCA?
July 1, 2014, marks the date when withholding under the US Foreign Account Tax Compliance Act (FATCA) first begins to […]
US Treasury Releases Substantial FATCA Guidance
Continuing its implementation of the Foreign Account Tax Compliance Act (FATCA), the US Treasury Department recently released a package of proposed […]
US Treasury Department Releases Latest Round of FATCA Guidance
Notice 2013-69, released on October 29, 2013, is the latest effort by the US Treasury Department to provide guidance to […]
US Government Announces 6-Month Delay in Certain FATCA Rules
Recognizing the practical and logistical problems faced by US withholding agents and foreign financial institutions (“FFIs”), and the uncertainty faced […]
US Issues Final FATCA Regulations
On January 17, 2013, the US Treasury Department (IRS) released final regulations to implement the US reporting and withholding rules […]
IRS Updates FATCA Guidance
On October 24, 2012, the US Internal Revenue Service (“IRS”) issued Announcement 2012-42 along with a table (reproduced below) that […]
US Department of the Treasury Releases Proposed Regulations Implementing FATCA
On February 8, 2012, the US Department of the Treasury (the “Treasury Department”) issued detailed proposed regulations to implement the […]